The 2011 and 2012 Balance Sheets for Jacob, Inc. contained the following entries: 12/31/2012 12/31/2011 $463 Accounts receivable $389 Inventories $491 $843 Net fixed assets $509 $691 Accounts payable $389 $124 Jacob had materials purchases in 2011 of $1,786 and materials purchases in 2012 of $1,826. What did Jacob record as Cost of Goods Sold (COGS) on its 2012 income statement? (Record your answer without a dollar sign and without commas). Your